2007-11-08 01:13:34 · 5 answers · asked by Yahoo 4 in Politics & Government ➔ Other - Politics & Government
No. I think it's still a great time to announce the impeachment of Bush and Cheney---the leaders who brought us our failing economic policies.
2007-11-08 01:21:25 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Fangtiay is essentially right. However, it is all a matter of perception.
Our dollar hasn't been backed by it's weight in gold for sometime. Anyone know when the last time Fort Knox was audited?
When you create an endless line of credit, print money in excess of what your resources can cover and spend endlessly for this or that cause it creates one thing: DEBT. And from that, inflation happens.
The poor fiscal policy of our "elected" leaders, has driven the dollar to new lows. What was it this morning? The UK pound is worth 2.10 USD?
Somewhere along the line all of our debts are going to get called. And when that happens, I fear for the economic future of this country.
2007-11-08 09:57:22 · answer #2 · answered by trevor22in 4 · 0⤊ 0⤋
From an economic point of view, this would be silly. It would simply be exchanging one form of currency for another, with neither having any real value. The Euro was based on creating a common currency among nations. We already have a common currency for all fifty states. Changing the name, size, shape, color, or anything else about it would not have any economic benefit.
2007-11-08 09:23:45 · answer #3 · answered by fangtaiyang 7 · 1⤊ 0⤋
No, we could take the English approach and drastically cut the production of coins and bills thereby forcing the dollar to artificially jump in value do to increasing scarcity.
2007-11-08 11:29:12 · answer #4 · answered by 29 characters to work with...... 5 · 0⤊ 0⤋
I really don't think we want to tie our currency up with Mexico.
2007-11-08 09:16:52 · answer #5 · answered by TheOnlyBeldin 7 · 0⤊ 0⤋